Mithril Ore Corporation Limited
White Paper – Utility Token Use Case
Initial 11/20/2017 - Version 2.2 – 5/12/2018
Contactus@mithrilore.ioMithril Ore Corporation – Utility Token Use Case - White Paper

Token Abstract
Mithril Ore is a limited in quantity tokenizeddigital asset with a utilization case based on theanticipated Ethereum proof of stake known as‘Casper’.

With its value backed by Ether, there will only
ever be 500,000 Mithril Ore tokens in circulation.
As an Ether-backed token, its utility as anadvanced mining/staking token is novel in that itis a limited quantity token providing futuremining/staking capabilities with the Ethereum
Casper Upgrade and Proof of Stake. With Mithril
Ore token, there are no promises of what may
come, the product and utility already exist.

The advanced mining/staking utility of Mithril
Ore will allow the token to mine/stake Ethereum
just by holding it over the passage of time due inpart to the process of collective staking. The reward for staking will be Ethereum (tentatively 5%
per year) based on the current information regarding Casper.

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Table of Contents
Token Abstract…………………………………………………………………………………………………………

1

Table of Contents…………………………………………………………………………………………………….

2

Token Utililty – Use Case………………………………………………………………………………………….

3

The ‘Mithril Ore’ Token…………………………………………………………………………………………….

4‘MORE’ Token Formula / Token Sale Fund Allocation………………………………………………..

5’MORE’ Token Distribution……………………………………………………………………………………….

6

Staking Gains / Future Holdings ………………………………………………………………………………..

7

RoadMap………………………………………………………………………………………………………………….

7The Annual ‘Blacksmith’ Option………………………………………………………………………………..

8

Mithril Ore Corporation Team…………………………………………………………………………………..

9

Mithril Ore Corporation Team…………………………………………………………………………………..

10

Mithril Ore Corporation Team…………………………………………………………………………………..

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Mithril Ore Corporation Team…………………………………………………………………………………..

12End / Fin……………………………….………………………………………………………………………………….. 13

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Token Utililty – Use Case
It is common practice for digital tokens to introduce new tokens into themarket through multiple mechanisms. Some tokens use the process ofmining – which uses real-world resources to solve complex mathematicalproblems in order to encode ‘blocks.’ There are many ‘mining tokens’ forwhich people collectively participate in the mining process.
Another process by which tokens can be generated is the greener processof staking. For Ethereum, this will be known as proof of stake (POS), in
which computers are utilized and connected to a core network and tokens
are locked (unusable) in order to participate in this advanced mining
option. The process of staking is ideal in that it does not waste massive
amounts of real-world resources (power, energy) in order to introduce
new tokens to the market.
The process of staking makes your digital currency less liquid, in that it cannot be used whilestaked. In other words, tokens cannot be used for trading or purchasing goods and services while
tokens are staking. Utilization of tokens and staking are mutually exclusive. The process of staking
also limits computer usage, speed, processing, and computer lifespan by requiring constantconnection to the core network and using constant processing powers. Staking can be moot if achain has forked, and the core wallet has not been upgraded, especially if a user is running the‘old fork.’ Commonly, a user must pay constant attention to running the most up-to-date versionof the core wallet. Lastly, staking requires download of huge amounts of data, because corewallets require possession of a token’s entire blockchain (although – ‘sharding’ may help with theaspect of downloading the entire blockchain).
Mithril Ore Token aims to merge the ‘best of both worlds.’ While the Ethereum backing the token
is staked, the token holder is free to use the Mithril Ore token for purposes of trading, redeeming,or exchanging for goods or services; all the while, the staked Ethereum does the mining work,
reaping the benefits of the mining utility which results in additional Ethereum to the token basis.
The token not only is a store of value of the staked Ethereum behind it, but through the advanced
mining process of staking increases the quantity of the Ethereum backing.
Tokens, known as ‘MORE’ are associated with the Ethereum they stake. The Ethereum will be
perpetually staked, allowing continual advanced mining, while the token holder has a usable,
tradable, transferable, assignable MORE token. Although simple in premise, this token provides avaluable niche in the market for the occasional or hobby investor who may not have the time,energy, know-how, or amount of Ether required for staking digital currency.

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The ‘Mithril Ore’ Token
Mithril Ore Tokens are finite in quantity. Only 500,000 "MORE" tokens will ever exist.
Except for a minimal, staking fee charged for distribution, the tokens are backed by 100%of the Ethereum contributed by the token holder. The staking fee for token holders
holding less than 1000 MORE tokens is 2 babbages. The staking fee for token holders
holding more than 1000 MORE tokens is 1 babbage. See Terms and Conditions, Appendix
A, for Ethereum/Babbage equivalency. The staking fee shall be charged at initial purchaseof MORE tokens. Each individual ‘MORE’ token is backed by the allocated Ethereum,providing a store of value. Thus, in exchange for the staking fee, the token holder receives
MORE token(s), which are associated via the decentralized blockchain with the token
holders corresponding staked Ethereum. All Ethereum shall be stored in cold storage heldby a neutral third-party custodian. Said custodian will be of credible reputation, audited,and secured.
By purchasing the Mithril Ore token, the token holder is engaging in the Ethereum proofof stake advanced mining utility. The token signifies the Ether that backs it. Just like when
the US dollar was backed by silver or the Canadian Gold Maple Leaf, ‘MORE’ is backed by
Ethereum, which is redeemable two years after the date of distribution for the Ether it
represents. The MORE token acts as the key or proof of ownership in the staked
Ethereum.
The 'MORE’ token’s value and growth is based on the fair market value of the token, its
Ether backing, and advanced utility staking. To maintain transparency and decentralized
management, our team will provide public reports on our advanced mining utility, which
provides holdings and staking information on our website. These should also be accessible
via the transparent and ‘trustless’ Ethereum blockchain. MORE tokens do not provide
any warranty or promise of future profits or income. Ethereum generated through staking
does not equate to profit, income, or any increase in monetary value. Ethereum proof of
stake mining generates Ethereum, the fair market value of which fluctuates drasticallyand carries no guarantee of profit or increase or decrease in value.

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Mithril Ore Corporation – Utility Token Use Case - White Paper‘MORE’ Token Value Formula and Token Sale Fund Allocation‘MORE’ Token Value Formula((1.0 (100%) * (Ether generated from token sale – 1 or 2 babbage staking fee))_______________________________________________((500,000 Mithril Ore Tokens)).

By purchasing Mithril Ore token(s), token holder is agreeing to a staking fee in exchange
for MORE token(s) and staked Ethereum for a two year staking period. The staking fee fortoken holders holding less than 1000 MORE tokens is 2 babbages. The staking fee fortoken holders holding more than 1000 MORE tokens is 1 babbage. See Terms andConditions, Appendix A, for Ethereum/Babbage equivalency.

Token Sale Fund Allocation
Except for the nominal staking fee identified above, 100% of the Ether generated fromthe token sale will participate in advanced mining proof of stake (Figure 1.1). None of the
Ether generated from the token sale will be removed from staking for purposes of profits,gains, or reimbursement of capital to the Corporation or its shareholders. The Ethereum
used to purchase MORE tokens will be entirely contained within the ‘MORE’ token’s proofof stake utility.

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Mithril Ore Corporation – Utility Token Use Case - White Paper’MORE’ Token Distribution
At the Ethereal summit, Bancor Protocol Co-Founder, Galia Benartzi, sat on a panel ofsuccessful ICO founders. She stated -- the sign of a trustworthy and viable ICO is one inwhich the owners accept payment in their own tokens, meaning the directors see theirproject as valuable. Our token sale is based on decentralization, maximizing benefit to
our token holders, integrity, and doing what is best for the Mithril Ore Community.

‘MORE’ Token Distribution (Figure 1.2)•

93% of tokens distributed throughtoken sale•

1% of tokens distributed forinfrastructure, administration, andmarketing•

6% of tokens distributed to Mithril
Ore Corporation Limited

Staking Gains
By default – additional Ethereum generated through staking will be automatically restaked.
In proper decentralized blockchain fashion, MORE token holders will be able to help withdynamic changes of the tokens purpose in function following the two year staking period.
As such, token holders will receive polling rights, which, while not binding on theCorporation, serve and guide the Corporation in the decision making process on thepreferences of the token holders.

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The Annual ‘Blacksmith’ Option
Annually – there will be an option to consolidate afinite amount of your “Mithril Ore” into limited
edition consolidated shares.
Token holders may change limited amounts of their
Mithril Ore tokens into limited edition 'Items
tokens.' The ‘Blacksmith Option’ essentially wields
Mithril Ore tokens into more potent Mithril Items
that would serve to concentrate volume andfurther increase the amount of staked Ethereum
and place Mithril Ore tokens back into
marketplace.
The ‘Blacksmith’ option could also be considered ashare consolidation akin to changing out 5 USpennies (Ore) for a US nickel (item), with the same
relative value, just concentrated or consolidated.
For example - In the future, for a limited time, and in very small amount, we will make
‘Mithril Arrow’ available, which is the equivalent of two Mithril Ore. There will be a very
limited number of Mithril Arrows generated. Two Mithril Ore may be exchanged for one
Mithril Arrow. Therefore, Mithril Arrow will be backed by the equivalent of two Mithril
Ore of Ethereum; no intrinsic value is lost, but potentially, intrinsic value is gained because
a limited-edition token with unique privileges was generated. The Mithril Arrow and otherBlacksmith Option items will also receive privileged or reciprocal voting rights relating totheir concentrated Mithril items. Tokens exchanged for items would be put back on themarket in interval time to add to the staked Ethereum, resulting in added staking returns
to the token holder. Item tokens will be generated in exceedingly more limited amounts
with each iteration and strictly limited to low quantities in production, especially incomparison to the small and finite number of Mithril Ore Tokens.

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Mithril Ore Corporation TeamLAURA HOPKINS – CEO, JD - LinkedIN
Laura is a fintech entrepreneur and executive with over 12 years of multijurisdictional experience in legal, financial, and secured transactions law. Laurais currently a lawyer and consultant in financial legal matters, corporate
structure, and civil litigation. She also works with the premier legal data
analytics company as a legal data expert responsible for coding and dataintegrity.

MATTHEW STEEHLER – Founder, President Mithril Ore Corporation Limited
Board of Directors - LinkedIN
Matthew has been in cryptocurrency since 2014, this early adoption has
sparked his intense and relentless research into the FinTech space anddevelopment of cryptocurrencies. Matthew is a knowledge-junky and excelledin academia as a member of Phi Beta Kappa and Alpha Omega Alpha atGeorgetown University School of Medicine. He scored in the 99th percentile on
his in-service examination in his post-medical school residency. He has applied
this same love of knowledge to digital currency and has been extremely prolificin his endeavors. Matt’s surgical responsibilities, compassion, and caring alsotranslate well to this space. He believes in the primacy of ethical conduct inboth medicine and finance, and is dedicated to the service of others in bothsubjects.

MICHAEL MINTZ – Entrepreneur, Strategic Planning
Michael Mintz is an elite entrepreneur in the United States. He built Mako
Communications from concept to what is now, making him the largest owner oflow power television stations in the USA. Michael also started Centurion
Medical Liability, CBSC Real Estate, and has various oil field and cash cropendeavors across the United States. He is responsible for hundreds of patented
inventions. Michael has an unrivaled pedigree of success in business and cansolve almost any problem, business, financial, legal, and personal.

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JAMES SCRIBNER – CFO - LinkedIN
James Scribner is an entrepreneur, researcher, philanthropist, and physician. He
has been involved in the development, construction and ongoing operations oftwo urgent care facilities and two freestanding emergency departments,including the first ever in-airport emergency department. He has started aphysician scribe company, Scribner Scribes, which is revolutionizing thecertification of electronic medical record data and data integrity. He has
pioneered research using neural networks to create an MRI based tool to predict
outcomes in stroke. He has done all this while being involved in the clinicalpractice of medicine for the last decade. He is currently focused on novel uses ofblockchain in the healthcare sector.
LAWRENCE “BUC” BROWN, MCP, MCTS – LinkedIN
Lawrence “Buc” Brown has an impressive background in technology having
been in the industry for nearly 14 years. His IT experience has led him todevelop technical and security solutions for many industries including
destination travel marketing, oil and gas, as well as healthcare. He is a
graduate of Del Mar College in Corpus Christi, Texas, where he received Dean’s
List honors en route to a degree in Computer Information Systems. He also
holds Microsoft certifications and is always up to date on technology
innovations, news, and trends. .

ANDREW LUBAHN – LinkedINAndrew is a relentless overachiever. He was a scholarship athlete to a top 3
nationally ranked University (Wake Forest University) through continued
success at the professional level. In the off-season, he was National
Champion at the U-19. Andrew, despite being academically inclined, ispursuing his childhood dreams in professional soccer. In November 2017,
Andrew won the NASL Championship with the San Francisco Deltas. Andrew
clearly knows the dedication, hard-work, and team based strategies necessary
to succeed in a national arena. In addition to being a soccer virtuoso,
Andrew is an extensive crypto space investor, researcher, and enthusiast.
Plain and simple, Andrew is great at everything he does. In his off-season,
Andrew will use the highest forms of integrity, team-based strategy, andproblem-solving skills to further the goals (irony) of Mithril Ore.

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JEREMY GIFFORD, MCP – LinkedIN
At age 15, Jeremy began his career as a professional computer systems
builder and technical service provider. He has managed networks andcomputer information system infrastructure for a wide spectrum of small,medium, and large global businesses. He has worked in all facets oftechnology from working as a technical services manager in Austin, Texas,
to being part of a large support team for an international semiconductor
manufacturing consortium. He has participated in programming for global
technology initiatives for ethical computing standards and privacy practices.
For over 20 years, Jeremy has been a Microsoft Certified Professional
Solution Provider and an independent technology consultant. Finally, he is
Satoshi-aware and an avid crypto-currency miner.

DAVID HAIRSTON – MBA - LinkedINDavid is a dedicated engineer with a passion for business. He places apremium on having an open mind and making data-based decisions. His
success in leading multi-million dollar capital projects is rooted in thisanalytical approach. He prides himself on being able to help the bottom line
by making sound business moves through relentless information gathering.
David was also a small-college, hall-of-fame athlete who brings a sense ofcompetition and strong desire to win in all his endeavors.

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TYLER COOPER – MBA - LinkedIN
Tyler Cooper is an Arkansas native who enlisted in the U.S. Army following
high school. He has an impressive 17 years of military service and is currently
a Captain in the U.S. Army Reserves, serving as a company commander withnumerous awards and citations. He graduated with his Bachelors in Business
Administration from Texas A&M Corpus Christi, and earned his Masters inBusiness from the University of Texas. He has worked in businessdevelopment and as an I.T. specialist for Xerox, consulted for multiple
medical firms, and works as practice administrator of an Otolaryngology
surgical group in Corpus Christi, TX.

Victor Tan –B.S. - Chair Web and Software Development- LinkedIN
Victor is well versed in multiple coding languages, web-development, andbrings a strong background in professional web design, and novel coding
solutions. Victor has made his living as a web developer, systems
programmer and software developer. Victor graduated from Duquesne
University in the city of Pittsburgh, Pennsylvania.

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